Posts by isaf-management.administrator

Danske Bank A/S has built up enough extra capital to commit to dividends and, at the end of this year, will look into the option of resuming share buybacks. Christian Baltzer, who started as chief financial officer at Denmark’s biggest bank in October, pointed to capital buffers that exceed both regulatory requirements and the bank’s own…

Stamford, CT–The VW collective group litigation in Braunschweig, Germany is an active Opt-In litigation where eligible investors who want to recover losses, must join the action prior to the expiration of the Statute of Limitation on 31 December 2018. VW has already entered into settlements with investors and regulators in the United States as well as regulators in Europe.…

International Securities Associations and Foundations Management Company (“ISAF”) announces the formation of an international coalition of leading American, German and Dutch law firms and the appointment of the preeminent Danish law firm, Németh Sigetty, to proceed with a lawsuit against Danske Bank A/S (“Danske” or the “Bank”) to pursue compensation for damaged investors after revelations…

“A group of foreign investors with five law firms in the back is now ready to sue Danske Bank at the Østre Landsret for billion-dollar losses as a result of the money laundering scandal. “It seems quite clear to us that there is a connection between the way in which action has been taken –…

“Danske Bank is facing a lawsuit from an international coalition of prominent class-action law firms arguing that investors lost billions of dollars through the fallout from the Danish lender’s €200bn money laundering scandal. Németh Sigetty, a Danish law firm, will file a writ against Danske in the first quarter of next year after being fully…

“Petrobras agreed to pay about $1.8 billion in combined DOJ and SEC penalties, disgorgement and interest for FCPA violations in connection with a bribery scheme that allowed contractors and suppliers to obtain Petrobras contracts, and facilitated improper payments to politicians and political parties in Brazil.” Read the Full Story

“German luxury car brand Audi on Tuesday said it has agreed to pay a fine of €800 million ($927 million) to settle a German fraud investigation related to the sale of cars with six- and eight-cylinder diesel engines that contained illegal software to manipulate emissions.” Read the Full Story

“Petrobras shareholders who could not join the company’s lawsuit in the United States, closed earlier this year, will have a new opportunity. After more than a year and a half of discussions on the appropriate jurisdiction for the case, the Rotterdam District Court has authorized the opening of the collective action proposed by the Stichting…

Investors who have not yet have acted to recover losses from earlier drops and the almost 40% sharp drop in prices of VW shares on Xetra Deutsche Börse, from the September 2015 Diesel-Gate revelation, must act now to have any chance of receiving money from a very likely settlement or judgment in the matter. When…

“In a development with significant implications both for Petrobras investor claims and for the global pursuit of investor claims generally, a Dutch court has accepted jurisdiction for a securities fraud action filed in the Netherlands against Petrobras, and also ruled that the arbitration clause in Petrobras’ bylaws do not preclude the Dutch proceeding.” Read the…